Is XRP a Good Investment Right Now Before the ETF Approval?

The post Is XRP a Good Investment Right Now Before the ETF Approval? appeared first on Coinpedia Fintech News

XRP has once again found itself at the center of bullish predictions, with prominent crypto analyst Dark Defender believes the token is setting up for a massive breakout, just like it did in 2017 before prices exploded. 

By looking at XRP’s chart patterns, he suggests the coin could target between $6 and $7 if it keeps its momentum alive.

XRP’s 2017 Impulsive Wave

Dark Defender began with XRP’s historic 2017 rally, he notes that it followed a clear impulsive wave pattern that pushed prices to all-time highs $3.4. 

Meanwhile, Momentum indicators like the Relative Strength Index (RSI) showed strong upward force, while XRP consistently traded above the Ichimoku Clouds, a sign of heavy bullish control. Even technical corrections formed healthy patterns that paved the way for higher gains.

2021 The Correction Phase For XRP

However, the 2021 cycle was far weaker. Dark Defender noted that XRP’s rally was a corrective structure following the 2018 crash. The RSI showed fading strength, XRP struggled below the Ichimoku Clouds, and candles never managed to break decisively above key resistance levels of $1.96.

Adding to the pressure, Ripple’s ongoing lawsuit with the SEC created uncertainty, keeping XRP from repeating its previous success.

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Why 2025 Feels Different

As of now, Dark Defender says XRP is showing strong bullish signs again, trading above both the Ichimoku Clouds and Exponential Moving Averages. Meanwhile, RSI momentum now mirrors the strength seen in 2017, not the weakness of 2021.

According to the analyst, XRP’s recent breakout could be the start of a larger move. If the momentum continues, he expects XRP to target between $6 and $7 in the coming months.

Dark Defender ended by reaffirming his optimism, saying XRP and the broader crypto market are entering “a new era” of growth.

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